Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of T2 Metals.
Income Statement
| Breakdown | April 30, 2023 | April 30, 2022 | April 30, 2021 | April 30, 2020 | April 30, 2019 | April 30, 2018 | April 30, 2017 | April 30, 2016 | April 30, 2015 | April 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cost of Revenue | $8.27K | $- | $- | $- | $- | $- | $70.70K | $121.99K | $86.48K | $122.59K |
| Gross Profit | $-8.27K | $- | $- | $- | $- | $- | $-70.70K | $-121.99K | $-86.48K | $-122.59K |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research and Development Expenses | $- | $50.38K | $40.84K | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $448.48K | $678.94K | $804.50K | $124.31K | $106.53K | $108.40K | $233.48K | $300.86K | $417.46K | $366.24K |
| Selling and Marketing Expenses | $178.88K | $45 | $36 | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $741.34K | $678.94K | $804.50K | $124.31K | $106.53K | $108.40K | $233.48K | $300.86K | $417.46K | $366.24K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $302.66K |
| Operating Expenses | $741.34K | $755.96K | $845.34K | $124.31K | $-118.27K | $101.29K | $-45.34K | $300.86K | $417.46K | $366.24K |
| Cost and Expenses | $749.62K | $755.96K | $845.34K | $124.31K | $-118.27K | $101.29K | $25.36K | $422.85K | $503.95K | $488.82K |
| Interest Income | $60.50K | $13.96K | $9.99K | $331 | $183 | $180 | $124 | $128 | $920 | $402 |
| Interest Expense | $- | $- | $1.37K | $3.86K | $- | $- | $32.76K | $10.00K | $- | $- |
| Depreciation and Amortization | $8.27K | $536.24K | $685.62K | $110.08K | $92.05K | $1.33M | $10.15K | $10.26K | $10.60K | $11.37K |
| EBITDA | $-741.35K | $-742.00K | $-835.35K | $-123.98K | $118.45K | $-143.82K | $-15.09K | $-412.46K | $-492.43K | $-481.00K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $-749.62K | $-755.96K | $-845.34K | $-123.98K | $-106.53K | $-108.40K | $-304.18K | $-422.85K | $-503.95K | $-488.82K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income Expenses Net | $69.35K | $-513.99K | $-8.23K | $-3.49K | $225.01K | $49.82K | $-1.09M | $-13.99K | $-17.16K | $306.60K |
| Income Before Tax | $-680.27K | $-1.27M | $-853.57K | $-127.80K | $118.48K | $-58.58K | $-1.39M | $-436.84K | $-521.11K | $-182.22K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | $-4 | $-13.96K | $-8.62K | $3.75K | $-224.98K | $-7.29K | $32.76K | $10.00K | $- | $-3.94K |
| Net Income | $-680.27K | $-1.27M | $-853.57K | $-127.80K | $118.48K | $-58.58K | $-1.39M | $-436.84K | $-521.11K | $-182.22K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | $-0.03 | $-0.06 | $-0.06 | $-0.04 | $0.05 | $-0.02 | $-0.62 | $-0.27 | $-0.40 | $-0.21 |
| EPS Diluted | $-0.03 | $-0.06 | $-0.06 | $-0.04 | $0.05 | $-0.02 | $-0.62 | $-0.27 | $-0.40 | $-0.21 |
| Weighted Average Shares Outstanding | 26.58M | 22.26M | 14.74M | 3.10M | 2.48M | 2.41M | 2.26M | 1.60M | 1.31M | 866.60K |
| Weighted Average Shares Outstanding Diluted | 26.58M | 22.26M | 14.74M | 3.10M | 2.48M | 2.41M | 2.26M | 1.60M | 1.31M | 866.60K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | April 30, 2023 | April 30, 2022 | April 30, 2021 | April 30, 2020 | April 30, 2019 | April 30, 2018 | April 30, 2017 | April 30, 2016 | April 30, 2015 | April 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.46M | $1.78M | $1.78M | $21.76K | $11.14K | $9.27K | $5.47K | $52.05K | $52.78K | $28.83K |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.46M | $1.78M | $1.78M | $21.76K | $11.14K | $9.27K | $5.47K | $52.05K | $52.78K | $28.83K |
| Net Receivables | $12.88K | $10.11K | $15.50K | $- | $10.39K | $12.36K | $9.70K | $17.07K | $25.84K | $19.68K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $-26 | $-20 |
| Other Current Assets | $39.78K | $44.04K | $158.85K | $10.35K | $6.47K | $3.49K | $4.33K | $4.33K | $- | $- |
| Total Current Assets | $1.52M | $1.84M | $1.95M | $32.10K | $27.99K | $25.11K | $19.51K | $73.45K | $78.62K | $48.50K |
| Property Plant Equipment Net | $68.00K | $316.15K | $515.16K | $- | $- | $- | $- | $1.28M | $1.22M | $1.19M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $33.62K | $4.51K | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $1.27M | $- | $- | $- | $- | $- | $- | $- | $-0 | $- |
| Total Non-Current Assets | $1.37M | $320.66K | $515.16K | $- | $- | $- | $- | $1.28M | $1.22M | $1.19M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $-0 | $-0 | $- |
| Total Assets | $2.89M | $2.16M | $2.47M | $32.10K | $27.99K | $25.11K | $19.51K | $1.35M | $1.30M | $1.24M |
| Account Payables | $91.80K | $57 | $141.47K | $245.85K | $257.14K | $451.73K | $421.10K | $616.72K | $464.41K | $397.90K |
| Short Term Debt | $- | $- | $- | $118.86K | $113.50K | $105.00K | $50.00K | $50.00K | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-118.86K | $-370.64K | $-509.73K | $- | $- | $- | $- |
| Other Current Liabilities | $408.23K | $258.72K | $- | $- | $- | $- | $57.36K | $60.07K | $- | $- |
| Total Current Liabilities | $500.03K | $258.77K | $141.47K | $364.71K | $370.64K | $556.73K | $528.46K | $726.79K | $464.41K | $397.90K |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $500.03K | $258.77K | $141.47K | $364.71K | $370.64K | $556.73K | $528.46K | $726.79K | $464.41K | $397.90K |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $31.03M | $29.95M | $29.21M | $26.06M | $25.92M | $25.85M | $25.81M | $25.59M | $25.37M | $25.02M |
| Retained Earnings | $-30.67M | $-29.99M | $-28.72M | $-27.87M | $-27.74M | $-27.86M | $-27.80M | $-26.40M | $-25.97M | $-25.45M |
| Accumulated Other Comprehensive Income Loss | $2.03M | $1.94M | $1.83M | $1.48M | $1.48M | $1.48M | $1.48M | $1.44M | $1.43M | $1.27M |
| Other Total Stockholders Equity | $- | $- | $- | $1 | $1.48M | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $2.39M | $1.90M | $2.32M | $-332.60K | $-342.64K | $-531.62K | $-508.95K | $623.41K | $833.30K | $839.05K |
| Total Equity | $2.39M | $1.90M | $2.32M | $-332.60K | $-342.64K | $-531.62K | $-508.95K | $623.41K | $833.30K | $839.05K |
| Total Liabilities and Stockholders Equity | $2.89M | $2.16M | $2.47M | $32.10K | $27.99K | $25.11K | $19.51K | $1.35M | $1.30M | $1.24M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.89M | $2.16M | $2.47M | $32.10K | $27.99K | $25.11K | $19.51K | $1.35M | $1.30M | $1.24M |
| Total Investments | $33.62K | $4.51K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $- | $- | $- | $118.86K | $113.50K | $105.00K | $50.00K | $50.00K | $- | $- |
| Net Debt | $-1.46M | $-1.78M | $-1.78M | $97.10K | $102.36K | $95.73K | $44.53K | $-2.05K | $-52.78K | $-28.83K |
Cash Flow Statement
| Breakdown | April 30, 2023 | April 30, 2022 | April 30, 2021 | April 30, 2020 | April 30, 2019 | April 30, 2018 | April 30, 2017 | April 30, 2016 | April 30, 2015 | April 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-680.27K | $-1.27M | $-853.57K | $-127.80K | $118.48K | $-58.58K | $-1.39M | $-436.84K | $-521.11K | $-182.22K |
| Depreciation and Amortization | $8.27K | $536 | $- | $- | $- | $- | $10.15K | $10.26K | $10.60K | $11.37K |
| Deferred Income Tax | $-19.38K | $-536 | $- | $- | $- | $- | $1.32M | $-1.48K | $- | $-4.58K |
| Stock Based Compensation | $67.90K | $102.20K | $356.59K | $38.22K | $18.29K | $15.92K | $23.36K | $43.58K | $162.53K | $15.26K |
| Change in Working Capital | $139.84K | $208.42K | $-274.35K | $-4.78K | $5.70K | $28.81K | $-188.25K | $129.32K | $60.34K | $156.25K |
| Accounts Receivables | $-2.77K | $5.39K | $-6.83K | $1.72K | $741 | $-2.66K | $976 | $11.46K | $-4.76K | $7.48K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $142.60K | $203.03K | $-267.51K | $-6.50K | $4.96K | $31.47K | $-189.23K | $117.86K | $65.10K | $148.78K |
| Other Non Cash Items | $72.72K | $536.24K | $1.37K | $3.86K | $-224.80K | $-542 | $1.36M | $8.52K | $67 | $11.21K |
| Net Cash Provided by Operating Activities | $-478.75K | $-423.09K | $-769.95K | $-90.50K | $-82.33K | $-14.39K | $-191.39K | $-245.16K | $-287.63K | $11.86K |
| Investments in Property Plant and Equipment | $-1.02M | $-308.15K | $-509.20K | $- | $- | $- | $-54.34K | $-40.49K | $-41.24K | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-28.55K | $-4.51K | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-28.55K | $-308.15K | $-509.20K | $- | $- | $- | $-54.34K | $-40.49K | $-41.24K | $12 |
| Net Cash Used for Investing Activities | $-1.05M | $-312.67K | $-509.20K | $- | $- | $- | $-54.34K | $-40.49K | $-41.24K | $12.35K |
| Debt Repayment | $- | $- | $- | $48.50K | $70.00K | $10.08K | $34.50K | $131.26K | $25.00K | $- |
| Common Stock Issued | $1.25M | $753.25K | $3.20M | $99.62K | $52.20K | $20.00K | $205.84K | $174.75K | $355.00K | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-42.45K | $-10.85K | $-169.22K | $52.62K | $-38.00K | $-11.89K | $-41.19K | $-21.09K | $-27.17K | $-3.00K |
| Net Cash Used Provided by Financing Activities | $1.21M | $742.40K | $3.03M | $101.12K | $84.20K | $18.18K | $199.15K | $284.92K | $352.83K | $-3.00K |
| Effect of Forex Changes on Cash | $318.74K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-319.06K | $6.64K | $1.75M | $10.62K | $1.88K | $3.79K | $-46.58K | $-734 | $23.95K | $21.22K |
| Cash at End of Period | $1.46M | $1.78M | $1.78M | $21.76K | $11.14K | $9.27K | $5.47K | $52.05K | $52.78K | $28.83K |
| Cash at Beginning of Period | $1.78M | $1.78M | $21.76K | $11.14K | $9.27K | $5.47K | $52.05K | $52.78K | $28.83K | $7.61K |
| Operating Cash Flow | $-478.75K | $-423.09K | $-769.95K | $-90.50K | $-82.33K | $-14.39K | $-191.39K | $-245.16K | $-287.63K | $11.86K |
| Capital Expenditure | $-1.02M | $-308.15K | $-509.20K | $- | $- | $- | $-54.34K | $-40.49K | $-41.24K | $- |
| Free Cash Flow | $-1.50M | $-731.24K | $-1.28M | $-90.50K | $-82.33K | $-14.39K | $-245.72K | $-285.65K | $-328.88K | $11.86K |